Sold QLD, UYG, Kept UWM In Case There Is More Upside

Home / Financials / Sold QLD, UYG, Kept UWM In Case There Is More Upside
October 16, 2008

I posted earlier that I bought QLD, UYG, and UWM. It turned out to be near the exact bottom of the day – sweet.

Bought QLD @ 29.17 | Sold @ 33.96 gain of 16.4%
Bought UWM @ 21.88 and @ 22.71 Still holding
Bought UYG @ 9.29 | Sold @ 10.39 gain of 12%

I held onto UWM as opposed to selling everything. No particular reason other than limiting risk a little bit. After I sold them I thought it was the wrong move. Oh well, I’ll buy em back.

The above only applies to todays trades. I still own QLD, DRYS, and CSIQ from 10-14-08 which I think will all soon be profitable.


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  • http://www.stockrake.com StockRake

    UWM is up 16% and 21.5% on the day, I forgot to post that.

  • http://www.zentrader.ca Jeff

    awesome trading. you must have nerves of steel, because there is no way I could have sat thru those decline no matter how convinced i was a rally was coming.

  • http://www.stockrake.com StockRake

    I actually went an annotated a VIX chart to show the divergence between the highs made today and the negative divergence in MACD/PPO as a response to your comment. That's one of the things I was looking at this morning when I went in. Then I saw you already posted the same thing! Nice job :D .

    http://zentrader.ca/blog/?p=449

    I was using the VIX as an intraday trigger inside the imaginary box that is the bigger timeframe indicators. Couple that with the 5min chart for ultimate entry and I'm in.

  • http://www.zentrader.ca Jeff

    awesome trading. you must have nerves of steel, because there is no way I could have sat thru those decline no matter how convinced i was a rally was coming.

  • http://www.stockrake.com StockRake

    I actually went and annotated a VIX chart to show the divergence between the highs made today and the negative divergence in MACD/PPO as a response to your comment. That's one of the things I was looking at this morning when I went in. Then I saw you already posted the same thing! Nice job :D .

    http://zentrader.ca/blog/?p=449

    I was using the VIX as an intraday trigger inside the imaginary box that is the bigger timeframe indicators. Couple that with the 5min chart for ultimate entry and I'm in.